A One-Factor Economy Figure 2-1: Home's Production Possibility Frontier Home wine production, Q in gallons Absolute value of slope equals L/aLw opportunity cost of cheese in terms of wine F L/ac home cheese production, Qc, Copyright C 2003 Pearson Education, Inc in pounds Slide 1-13Copyright © 2003 Pearson Education, Inc. Slide 1-13 L/aLW L/aLC Figure 2-1: Home’s Production Possibility Frontier A One-Factor Economy Absolute value of slope equals opportunity cost of cheese in terms of wine F P Home wine production, QW, in gallons Home cheese production, QC, in pounds o